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More affluent residents in D.C. moving out of suburbs and into the city

More affluent consumers are moving back into Washington, D.C.

More affluent consumers are moving back into Washington, D.C.

The increased influence of urban revitalization programs in the nation's capital are bringing wealthier residents to leave the suburbs and move into traditionally minority neighborhoods in the city itself, the Washington Examiner reports.

The paper reports that developments in Arlington and Columbia Heights have helped transform those areas into centers of nightlife, retail and high-end residential areas, which have brought in a number of young professionals. At the same time, more immigrants and other families have moved back into the suburbs, as they look for better schools.

"D.C. and places closer in to the core have seen a lot of new housing that is in the higher end, which may be a draw to younger, more mobile and higher-income people," Audrey Singer, a senior fellow at the Brookings Institution, told the paper. "Looking back, this will be a moment of significant change."

The trend of working professionals is also seen in the number of college graduates living in the city. According to statistics from the Census Bureau, more than 47 percent of area residents over the age of 25 have some kind of degree - compared to the national average of roughly 25 percent.